Ohio Senate urges Congress to establish a National Infrastructure Bank to fund and improve U.S. infrastructure.
The Ohio Senate urges Congress to create a National Infrastructure Bank (NIB) to address the nation's infrastructure needs. The NIB would be funded by existing U.S. Treasury debt, avoiding new federal spending or taxes. It aims to create jobs, pay prevailing wages, and promote Buy America policies. The NIB would stimulate the economy, reopen American production, and support small businesses and minority hiring. The American Society of Civil Engineers reports that over $6 trillion is needed to restore U.S.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.